Montgomery, AL - House Price Index (HPI)
Montgomery Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Montgomery, AL single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
10
Montgomery Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1194.56
1st Quarter, 2018 Housing Statistics: Montgomery, Alabama


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      81%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Montgomery housing market for the 12
months ending with the 1st Quarter of 2019 is DOWN. The Accuracy of the
Trend Projection for Montgomery is 81%. In other words, when tested against
historical data, the forecasting methodology was correct 81% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Montgomery is 81% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 1st Quarter of 2019 than they were in
the 1st Quarter of 2018. Check this page each quarter for updates to the
Montgomery Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      83%

The forecast for the trend in the Montgomery housing market for the 3 years
ending with the 1st Quarter of 2021 is DOWN. The Accuracy of the Trend
Prediction for Montgomery is 83%. In other words, when tested against
historical data, the forecasting methodology was correct 83% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Montgomery is 83% during this period. If this Housing Market Forecast
is correct, home values will be lower in the 1st Quarter of 2021 than they were
in the 1st Quarter of 2018. Check this page each quarter for updates to the
Montgomery Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Montgomery, Alabama


Historical Home Price Appreciation
Last Quarter                         -1.03%
Last Year                              -0.1%
Last 5 Years                         7%
Last 10 Years                       -7%
Last 20 Years                       30%
Decline From All Time High   7.41%


Annual Home Price Appreciation Rates
1988      0.06%
1989      2.90%
1990      1.19%
1991      3.22%
1992      3.42%
1993      3.44%
1994      2.80%
1995      4.63%
1996      0.31%
1997      2.95%
1998      3.59%
1999      -0.03%
2000      1.36%
2001      5.54%
2002      1.88%
2003      2.41%
2004      4.47%
2005      7.41%
2006      7.50%
2007      1.79%
2008      -0.11%
2009      -4.21%
2010      -1.49%
2011      -2.80%
2012      -2.26%
2013      -0.98%
2014      1.82%
2015      0.58%
2016      1.27%
2017      2.75%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.03%        Rank: 331 of 381 (13th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.1%          Rank: 367 of 381 (3rd Percentile)
Last 5 Years                              7%              Rank: 346 of 381 (9th Percentile)
Last 10 Years  . . . . . . . . . . . .   -7%            Rank: 341 of 381 (10th Percentile)
Last 20 Years                            30%            Rank: 363 of 379 (4th Percentile)
Decline From All Time High        7.41%

The change in home prices for Montgomery, AL are shown above for five time
periods. For example: Montgomery appreciated -1.03% in the Last Quarter. At
that rate, the Montgomery Real Estate Market was ranked 331st out of 381
metropolitan Real Estate Markets. Montgomery was in the 13th percentile. So
Montgomery, AL performed better in the Last Quarter than 13% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Montgomery, Alabama

The all time high in the Montgomery Home Price Index was 157.3 in the 1st
Quarter, of 2008. The 1st Quarter, 2018 index value was 145.7. That's a
decline of 11.65 points or 7.41% below the Montgomery Home Price Index all
time high.  The Home Price Index indicates that the Montgomery Market is down
7% over the last 10 years. Home Prices in the Montgomery Real Estate Market
have lost 0.08% over the last 12 months. Over the last thirty years, it is up 69%.

The 1st Quarter index value was 1.52 points lower than the 4th Quarter, 2017
index value of 147.18, resulting in a 1.03% decline for the 1st Quarter in the
Montgomery Market.

The Montgomery Home Price Index declined in the last quarter after increasing
in the previous 2 quarters. The current record holders for consecutive declines
in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City, IA;
Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 27
consecutive quarters.

The highest annual change in the value of houses in the Montgomery Real
Estate Market was 9% in the twelve months ended with the 1st Quarter of 2006.
The worst annual change in home values  in the Montgomery Market was -7%
in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Montgomery Real Estate Market over
a three year period was 22% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the Montgomery
Market was -11% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Montgomery Home Price Index
(above). For information about Alabama home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Montgomery Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Montgomery Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Montgomery Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Montgomery, Alabama

The trend of Montgomery Home Prices relative to 380 other metropolitan areas
is detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Montgomery Home Prices had a rank of 331,
with appreciation of -1.03%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Montgomery Home Prices had a rank of 367, with
appreciation during the year of -0.08%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Montgomery Home Prices
ranked 346, with a total appreciation of 6.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Montgomery Home
Prices had a rank of 341, with appreciation during the decade of -7%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Montgomery Home
Prices had a rank of 363, with total growth over the 20 year period of 30%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 282%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Montgomery Real
Estate Market is available back to the 2nd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Montgomery. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Monday, July 23, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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